Promoters are the backbone of any new business venture. Their importance can be attributed to several factors:
Visionary Leadership: They provide direction and set the tone for the company's culture and values. Innovation: Promoters often bring innovative ideas that disrupt existing market dynamics. Financial Backing: They usually invest their own money, which demonstrates their commitment and confidence in the business. Stakeholder Trust: Their involvement can instill confidence in other stakeholders, including investors and employees.